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Tag: banking

overturned boat in water

Dems Join Crusade to Overturn Contentious SEC Crypto Accounting Guidance

overturned boat in water

Several House Democrats have thrown their support behind a congressional effort to overturn controversial accounting guidance that affects how regulated banking organizations account for and safeguard their customers’ digital assets. The de...

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View through rose-colored lenses

CrowdStrike’s Woes Highlight Concerns About Bespoke Accounting Metric

View through rose-colored lenses

By any measure, the last two weeks of July have been brutal for cybersecurity firm CrowdStrike. CrowdStrike reported what it called “exceptional” first quarter financial results in early June – taunting competitors Microsoft and Palo Alto N...

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telephone receivers off the hook

Regulators Continue Costly Crackdown on Off-Channel Communications

telephone receivers off the hook

How much would your teenage children pay to stay on their favorite social media apps? One thousand dollars? Ten thousand? More? If you think their addiction is bad, console yourself with the example of the country’s largest financial instit...

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Magnified image of marijuana buds

Senate Bill Sparks Hope in Cannabis Industry for Access to Banking

Magnified image of marijuana buds

A legal, billion-dollar industry in which companies can’t get a basic checking account. It sounds absurd, but that’s life for cannabis businesses. Even though marijuana is currently legal for recreational or medical use in 39 states, most b...

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Smoke billowing out from a pressure release valve

Pressure Mounts for Financial Institutions to Address Climate Change

Smoke billowing out from a pressure release valve

When we talk about corporate climate-change offenders, the financial sector doesn’t come up very often. Banking doesn’t produce carbon emissions – at least, not more than any other office-based industry. However, that isn’t stopping global...

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